Frisco Launched 106 Affordable Housing Units

The NHP Foundation and town officials opened workforce apartments to address rising local housing costs.

Updated on Oct. 6, 2026 in Remote Work

A modern multi-story apartment building with timber and stone facade set in a high-altitude mountain town environment. — The NHP Foundation and the Town of Frisco have opened 106 new affordable housing units at The Scout and The Bella to support the local workforce. AI Illustration. Upload story photo >

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Should your local government invest public funds to help build housing for middle-income workers?

The NHP Foundation and the Town of Frisco have launched 106 new affordable and workforce housing units across two developments. The initiatives aim to help local workers live closer to their places of employment amid climbing regional housing costs.

Why it matters

These developments were created to alleviate the housing shortage in Frisco, where rising living costs have made it increasingly difficult for local households to secure affordable homes. By increasing density, the city intends to maintain a workforce that can reside within the community.

The Town of Frisco invested $8.1 million in The Scout and provided $4.9 million in soft financing for The Bella. The Scout, which offers 54 units, is supported by a $18.6 million bond issuance from the Colorado Middle-Income Housing Authority.

The players

The NHP Foundation

This national non-profit organization focuses on preserving and creating sustainable, affordable multifamily housing for low- and moderate-income families.

Town of Frisco

This municipal government provides public services and community development oversight in the Colorado town.

Colorado Middle-Income Housing Authority

This state-level entity facilitates the financing of housing projects aimed at the middle-income demographic in Colorado.

The details

The NHP Foundation developed The Scout at 602 Galena Street and broke ground on The Bella at 101 W. Main Street. The Scout caps rents at 120% of Area Median Income, while The Bella will serve households earning between 30% and 80% of the Area Median Income.

September 22, 2026: Groundbreaking for The Bella occurred.
September 25, 2026: Ribbon-cutting for The Scout occurred.
November 2027: Expected completion of The Bella.

Market Landscape

The project follows the city's implementation of the Affordable Housing Development Incentive Program to increase residential capacity. This consolidation of funding models allows the town to better compete for labor by providing housing that remains attainable compared to the wider market.

These units offer eligible households new opportunities to secure housing at rates below the standard market average. Residents should monitor local housing authority updates to understand specific eligibility requirements and application timelines for these income-restricted properties.

The takeaway

Securing housing near work centers is becoming a critical strategy for maintaining workforce stability in high-cost areas. Interested residents should verify their income eligibility against local Area Median Income thresholds before applying for these units.